Nigeria’s Inflation Hits Highest Level in Almost Two Decades Amid Reforms
Nigeria's annual inflation rate has surged to 24.08% in July, marking its highest level in nearly two decades and…
FMCGs Report Significant Net Foreign Exchange Losses Amid Exchange Rate…
Major consumer goods companies in Nigeria, especially in the fast-moving consumer goods (FMCG) sector, have…
Disability Inclusion Forum Urges President to Review VAT, Address Socioeconomic…
The Accelerate Disability Inclusion in Emergencies Forum (ADIE) has called on President Bola Tinubu to revert the…
Nigeria Air’s Commencement of Operations Delayed Due to Lack of Airline…
The proposed national carrier of Nigeria, Nigeria Air, may face further delays in commencing operations as it…
Nigerian Government Considers Selling Stakes in State-Owned Companies to Raise…
The Nigerian Federal Government is reportedly exploring the possibility of selling stakes in around 20 state-run…
Nigerian Oil Marketers Urge Gradual Relaxation of Fuel Subsidy Removal
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of…
Resilient Trade Relations Between Ghana and the USA Reach All-Time High
Trade relations between Ghana and the United States of America (USA) have demonstrated remarkable resilience, with…
Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market…
In an unexpected policy reversal, the government of Kenya has reintroduced fuel subsidies in response to surging…
Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks
Safaricom, a prominent telecommunications company in Kenya, has gained the Central Bank of Kenya's (CBK)…
Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling…
Oil marketers in Kenya are engaged in discussions with the government to shield themselves from foreign exchange…
Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria
The foreign exchange crisis in Nigeria and the recent implementation of a 7.5% Value Added Tax (VAT) on Automotive…
Nigerian Central Bank Implements Measures to Counter Naira Decline and Speculative…
Amidst the recent depreciation of the naira in the parallel market, the Central Bank of Nigeria (CBN) has…
Stakeholders to Address Challenges in Nigeria’s Electronic Payment System
Stakeholders in Nigeria's electronic payment system are gearing up to find solutions to challenges that emerged in…
Resumption of Forcados Crude Oil Exports After Month-Long Halt
Exports of the Forcados grade of crude oil have resumed, according to a statement by a Shell spokesperson. The…
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth…
The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to…
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to…
Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign…
ECL Launches “WorkMate” Automation Tool to Enhance Productivity and…
ECL has launched an automation tool named "WorkMate" that offers pre-built automations for various industries. The…
Central Bank of Kenya Sets New Interest Rate Corridor to Guide Interbank Lending
The Central Bank of Kenya (CBK) has introduced a new interest rate corridor to guide interbank lending and control…
Vista Group Acquires Majority Stake in Orabank to Create Pan-African Banking Group
Vista Group has agreed to acquire a 61.4% stake in Orabank S.A., the holding company of Orabank, from existing…
Prosper Africa Partners with African Asset Fund Managers to Mobilize $200 Million…
Prosper Africa has announced partnerships with four African asset fund managers under the Prosper Africa Catalytic…
African Mobility Fintech Moove Raises $76 Million to Expand Vehicle Financing…
Nigerian mobility fintech company Moove has secured $76 million in funding to expand its vehicle financing…
Knife Capital Successfully Closes R941 Million African Series B Expansion Fund
South African venture capital firm, Knife Capital, has successfully concluded its African Series B expansion fund,…
Stanlib Asset Management Invests in South African Solar and Battery Platform…
Stanlib Asset Management, a local investor in sustainable infrastructure, has acquired a stake in Solareff, a…
Federal Government Plans N360 Billion Bond Issuance to Bridge Budget Deficit
The Federal Government of Nigeria is set to raise N360 billion in new borrowings through a bond auction to address…
NGX RegCo Advocates Expert Guidance and Data Monitoring for Effective ESG…
NGX Regulation Limited (NGX RegCo) has emphasized the importance of seeking expert guidance and systematically…
Guinea Insurance Secures Regulatory Approval for Private Placement of 1.8 Billion…
Guinea Insurance Plc has announced that it has received regulatory clearance to conduct a private placement for…
No Directive Yet on Cancellation or Re-award of N48bn Niger Delta Pipeline…
Contrary to speculation, the Federal Government has not issued any directive regarding the cancellation or…
Petrol Price in Nigeria May Rise to N680/litre Due to Dollar Fluctuations
Oil marketers have signaled that the cost of Premium Motor Spirit (petrol) could increase to between N680/litre…
Central Bank of Nigeria Records N40.67bn Loans to Staff in 2022
The Central Bank of Nigeria (CBN) disclosed that it provided loans amounting to N40.67 billion to its staff…